Fraugster collaborates with Latin American Fintech Yuno
The next generation payment orchestration platform Yuno has entered into a partnership with AI payment information company Fraugster to give online merchants access to a range of fraud prevention, compliance and revenue enhancements via a single API.
Businesses of all sizes across Latin America continually face challenges in managing multiple payment methods and fraud detection tools to accept online payments that lead to fragmentation, complexity and high costs.
According to the latest data from Merchant Risk Council (MRC)Latin American sellers experience the highest average chargeback rates (3.8 percent vs. 2.6 percent in Europe) and the highest order rejection rates (6.9 percent vs. 2.8 percent in the EU) of all global regions.
This new partnership aims to address these challenges head-on to help businesses reduce fraud losses and the overall cost of managing fraud. Yuno was founded with the aim of improving online payment orchestration in Latin America. The solution also allows online businesses to customize checkout, monitor acceptance rates, access reporting tools and use multiple features for fraud management and smart routing.
Partnership to help Yuno merchants
Fraugster is a payment intelligence company that helps the e-commerce ecosystem minimize fraud and maximize revenue by making smarter, real-time decisions. They help customers solve multiple use cases by giving them access to various interoperable products via one integration.
Fraugster strengthens Yuno’s offering by using advanced AI trained on global payment data to make more accurate decisions to increase approval rates. Innovations in machine learning and artificial intelligence also enable Yuno sellers to go live immediately without historical data, which is especially relevant in an industry where long integration cycles delay speed to value.
Julian Nunez, co-founder at Yuno says, “Accepting and optimizing online payments shouldn’t be a pain point for merchants. Together with Fraugster, we are building the ultimate solution that will enable merchants to make online payments fast, easy and secure, so they can focus on their core business.”
While Christian Mangoldsays Fraugster CEO: “We are excited to partner with Yuno as we expand further into the LaTam region. We now have an additional partner who shares our belief that the industry must unite against fraud and offer more flexible and scalable solutions to customers. Our solution enables our customers to simplify operations by choosing from multiple solutions, including return liability coverage, via one integration.”
